A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

For those who cannot pay the full amount they owe in taxes, the Internal Revenue Service allows qualifying taxpayers to settle their tax debt for less than the full amount. This is called an “offer in ...

When tax season arrives, many individuals find themselves in a bind, unable to pay their taxes by the April 15 deadline. The IRS understands these financial challenges and offers solutions to help ...

Tax season might be over, but for millions of Americans, the stress lingers due to having overdue tax debt with the Internal Revenue Service (IRS). Part of the issue is that sticky inflation, high ...

Facing large debts may impact much more than your credit score. Under federal law, certain debts can trigger consequences that reach into unexpected parts of your life — including the risk of having ...

In 2024, the Internal Revenue Service announced automatic payments for eligible taxpayers who had not claimed the Recovery ...

If you missed filing your tax return by April 15, 2025, due to insufficient funds, the IRS advises requesting an extension until October 15. This allows you to file your return, pay as much as ...

The IRS imposes penalties for various reasons, including late filing, late payment, and inaccurate tax returns. These penalties accrue monthly until the full amount is paid. Common penalties include ...

Discover if you're liable to pay taxes on discharged bankruptcy debt. Understand the implications and rules surrounding this ...